Beijing proposes increasing foreign investors stake

SHANGHAI: China’s securities regulator has proposed a 50% increase in size of the total stake that approved foreign investors can hold in listed companies, the latest in a series of steps intended to attract more investment in the country’s capital markets.

In a draft document released on Wednesday evening, the China Securities Regulatory Commission (CSRC) said it was looking at increasing the cap on the combined stake in a listed company held by Qualified Foreign Institutional Investors (QFII) to 30% from 20%.